Gómez-Lobo, Andrés; Sánchez González, Santiago; … - 2022
In this paper we explore the possible impact of urban congestion on agglomeration economies for a cross-section set of … size and congestion. We use population in each city in the 19th and early 20th century as instruments for current city size … previous research in the region. When congestion is included in the estimation, we find that agglomeration economies are …